Thursday, June 19, 2014

Holy guacamole! Chipotle may stop selling it?

Chipotle says it may stop selling guacamole, at least temporarily, as the Mexican menu fast-food chain chain grapples with an avocado shortage it blames partly on climate change.

A company spokesman, however, told a New York City TV station not to "read too much into" a statement given to regulators.

"Fret not guac lovers," Chipotle spokesman Chris Arnold tweeted Wednesday afternoon.

The company says in a February filing with the Securities and Exchange Commission that "in the event of cost increases with respect to one or more of our raw ingredients, we may choose to temporarily suspend serving menu items, such as guacamole or one or more of our salsas."

Doing so "could also have an adverse impact on our brand," the filing says.

"I wouldn't read too much into this," Arnold said in a statement quoted by New York's Channel 4, an NBC affiliate. "The story stems from a 'risk factor' note in our annual report and amounts to nothing more than routine and required financial disclosure. The sky isn't falling."

Of the climate connection, the company says in the filing: "Increasing weather volatility or other long-term changes in global weather patterns, including any changes associated with global climate change, could have a significant impact on the price or availability of some of our ingredients."

USA TODAY has reached out to Chipotle for additional comment.

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